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Published byAlexandra Campbell Modified over 8 years ago
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Phil Roocroft Business Innovation Manager Birmingham City Council
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Environment & Energy Technologies
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Rail
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Medical Technologies
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IT & Digital
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Digital Media
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Aerospace
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Business & Professional Services
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Building Technologies
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Advanced Materials & Manufacturing
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Food & Drink
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Grant based financial assistance to companies that are ready to undertake investment in innovative production processes:- Capital Expenditure - purchase of capital equipment - improvements in systems or processes
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New Product Development - assistance towards concept development - testing - prototyping - product launch New Marketing Development - assistance for carrying out studies - product branding - attendance at exhibitions and trade fairs
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Business Innovation Mentoring - consultancy support to implement new innovation processes within the business
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Grant of £10,000Grant of £30,000 FTE jobs requirement Minimum: 2 new jobs 1 safeguarded FTE jobs requirement Minimum: 3 new jobs 2 safeguarded To be 50% matched by the SME
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Qualifying requirements Demonstrate:- - viability - need - job creation - sustainability - new investment linked to the creation and safeguarding of jobs
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Checklist Profit seeking and have been trading for more than 6 months. An SME of 1-249 employees. Annual turnover is less than £42 million. Balance sheet is less than £36 million. Less than 25% owned by a larger company.
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Checklist Not received more than 200,000 Euros of State Aid in the last 3 financial years. Create and preserve jobs which are sustainable for at least one year. Able to implement an investment plan to develop and innovate growth within the business. Located in West Midlands Region.
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Checklist Be in an eligible cluster group:- - Environment & Energy Technologies - Rail - Medical Technologies - IT & Digital - Digital Media - Aerospace - Business and Professional Services - Building Technologies - Advanced Materials & Manufacturing - Food and Drink
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Enquiries:- Ibrahim Bhayat bip@birmingham.gov.uk 0121 464 9870 www.birmingham.gov.uk/bip
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